Reported about 4 hours ago
Canadian Prime Minister Mark Carney has committed to running larger deficits to finance income tax reductions and enhance infrastructure spending to lessen Canada's reliance on the US. His strategy, outlined in the Liberal Party's election platform, projects a federal shortfall of C$62.3 billion this fiscal year and an additional C$129.2 billion in spending over the next four years. The plan emphasizes defense, housing investments, and a trade diversification fund, aiming to balance the budget by 2028 while also ensuring competitiveness and sustainability in key sectors.
Source: YAHOO